U.S. argues judge failed to take its arguments into account in AT&T trial
WASHINGTON (Reuters) – The U.S. government said on Monday the judge in the trial to stop AT&T Inc’s (T.N) purchase of Time Warner failed to take into account how companies…
Indonesia to hand over yacht linked to 1MDB to Malaysia
KUALA LUMPUR (Reuters) – Indonesia has agreed to hand over to Malaysia a $250 million luxury yacht it impounded in Bali earlier this year in connection with a corruption scandal…
U.S. charges hundreds in major healthcare fraud, opioid crackdown
(Reuters) – The U.S. Justice Department on Thursday announced charges against 601 people including doctors for taking part in healthcare frauds that resulted in over $2 billion in losses and…
UK’s accounts watchdog opens probe into Deloitte’s audit of SIG’s annual statements
(Reuters) – UK’s accounting watchdog said on Thursday it began an investigation into Deloitte LLP’s audit of two annual financial statements of SIG Plc (SHI.L), a distributor of specialist building…
Ex-Akebia employee jailed for night as insider trading trial starts
BOSTON (Reuters) – A former Akebia Therapeutics Inc (AKBA.O) employee accused of engaging in an insider trading scheme must spend a night in jail after he violated a U.S. judge’s…
Merrill Lynch to pay $42 million for misleading customers: SEC
WASHINGTON (Reuters) – Bank of America Corp (BAC.N) subsidiary Merrill Lynch will pay a $42 million penalty for lying to customers about how it handled their orders, the top U.S.…
Theranos founder Holmes, former president indicted for fraud
(Reuters) – Theranos Inc founder Elizabeth Holmes and the embattled blood-testing company’s former president were indicted on charges that they engaged in schemes to defraud investors, doctors and patients, the…
Theranos founder Holmes, former president indicted for fraud
(Reuters) – Theranos Inc founder Elizabeth Holmes and the embattled blood-testing company’s former president were indicted on charges that they engaged in schemes to defraud investors, doctors and patients, the…
Fitbit’s six current, ex-staff indicted in Jawbone trade secrets case
(Reuters) – Six former and current employees of Fitbit Inc (FIT.N) were charged in a federal indictment for possessing trade secrets stolen from rival Jawbone, according to a statement from…
Former State Street executive faces U.S. fraud trial
BOSTON (Reuters) – A former executive at State Street Corp (STT.N) is set to face trial on U.S. charges that he participated in a scheme to defraud the bank’s clients…